First Trust Short Duration High Income Fund (FDHIX)
Under normal market conditions, the fund invests at least 80% of its net assets (including investment borrowings) in high yield debt securities and bank loans that are rated below-investment grade or unrated. It has a short duration investment strategy, which seeks to maintain, under normal market conditions, a blended (or weighted average) portfolio duration of three years or less. Under normal market conditions, the fund may invest up to 15% of its net assets in non-U.S. securities denominated in non-U.S. currencies.
Fund Info
ISIN | US33738F8822 |
---|---|
Issuer | First Trust |
Inception Date | Oct 31, 2012 |
Category | Bank Loan |
Min. Investment | $1,000,000 |
Asset Class | Bond |
Expense Ratio
FDHIX has a high expense ratio of 1.01%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in First Trust Short Duration High Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
First Trust Short Duration High Income Fund had a return of 2.16% year-to-date (YTD) and 9.62% in the last 12 months. Over the past 10 years, First Trust Short Duration High Income Fund had an annualized return of 3.54%, while the S&P 500 had an annualized return of 10.66%, indicating that First Trust Short Duration High Income Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 2.16% | 9.31% |
1 month | 0.25% | 0.08% |
6 months | 4.89% | 19.94% |
1 year | 9.62% | 26.02% |
5 years (annualized) | 3.48% | 12.62% |
10 years (annualized) | 3.54% | 10.66% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.56% | 1.08% | -0.11% | 0.39% | ||||||||
2023 | 0.29% | 2.63% | 1.11% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FDHIX is 97, placing it in the top 3% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
FDHIX (First Trust Short Duration High Income Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for First Trust Short Duration High Income Fund (FDHIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
First Trust Short Duration High Income Fund granted a 8.14% dividend yield in the last twelve months. The annual payout for that period amounted to $1.47 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $1.47 | $1.36 | $0.86 | $0.69 | $0.80 | $0.90 | $0.93 | $0.96 | $0.95 | $0.89 | $0.80 | $0.82 |
Dividend yield | 8.14% | 7.45% | 4.85% | 3.51% | 4.09% | 4.57% | 4.94% | 4.83% | 4.77% | 4.62% | 3.94% | 3.98% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Short Duration High Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.13 | $0.13 | $0.13 | $0.13 | ||||||||
2023 | $0.10 | $0.10 | $0.10 | $0.10 | $0.11 | $0.12 | $0.12 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 |
2022 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.07 | $0.07 | $0.08 | $0.08 | $0.08 | $0.09 | $0.09 |
2021 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 |
2020 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 |
2019 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 |
2018 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 |
2017 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 |
2016 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.07 | $0.08 | $0.08 |
2015 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.00 | $0.16 | $0.08 | $0.08 | $0.08 | $0.08 |
2014 | $0.08 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 |
2013 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Short Duration High Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Trust Short Duration High Income Fund was 20.32%, occurring on Mar 23, 2020. Recovery took 114 trading sessions.
The current First Trust Short Duration High Income Fund drawdown is 0.28%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-20.32% | Jan 22, 2020 | 43 | Mar 23, 2020 | 114 | Sep 2, 2020 | 157 |
-9.1% | Jan 14, 2022 | 117 | Jul 5, 2022 | 290 | Aug 29, 2023 | 407 |
-6.37% | Jun 2, 2015 | 177 | Feb 11, 2016 | 54 | Apr 29, 2016 | 231 |
-4.27% | Oct 4, 2018 | 58 | Dec 27, 2018 | 35 | Feb 19, 2019 | 93 |
-2.97% | Dec 1, 2014 | 12 | Dec 16, 2014 | 37 | Feb 10, 2015 | 49 |
Volatility
Volatility Chart
The current First Trust Short Duration High Income Fund volatility is 1.12%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.